NASDAQ Index, SP 500 and Dow Jones Forecasts – US Indices Fall in Overnight Electronic Trading for Holiday

There is a gap underneath that had been filled. So, we’ll watch, but a move below 41,000 could send this market much lower. More likely than not though, we have more sideways back and forth range bound action, with the 43,000 level offering a bit of a ceiling.

S&P 500 Technical Analysis

The S&P 500 has dropped in overnight futures trading as well, and that of course shows up in the CFD markets. With that being the case, I think you’ve got a scenario where the market is just hanging around the 6,000 area going back and forth. Because of this, I think we have a situation where you are probably looking at dips as potential buying opportunities all the way down to the 5,800 level, but anything below there I think could change the attitude of the markets.

I believe that stock markets in general, and this is not only the three in this video, but several around the world, are on the precipice of trying to break out to the upside. But there’s a lot of confusion geopolitically and trade war related, et cetera, out there that has people perhaps not quite ready to go all in. It does favor the upside, though.

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